elowae the 2013 and 2014 year-end balance 4 year-end balance sheets for llovefin

Question

elowae the 2013 and 2014 year-end balance 4 year-end balance sheets for llovefinance Inc. 432 S 85 350 Cash Accounts receivable S 1,532 S 1,135 2.800 S.3.935 2 Total current assets Net fixed assets Total assets Liabilities and equity 700 S 545 Accounts payable Notes payable Total current liabilities Long-term debt $ 1,500 1,200 1,500 332 $4.532 $1,445 1,200 1,000 Common stock (S5 par) Retained earnings Total liabilities and equity S.3.935 Data of llovefinance Inc. 2014 Depreciation $120 2014 Net Income $390

Explanation / Answer

Operating activities cash flow for 2014 Net Income $390.00 Depreciation $120.00 Increase in current assets -$397.00 Increase in Current Liabilities $55.00 Operating activities cash flow for 2014 $168.00 Investing activities cash flow for 2014 Purchase of fixed assets -$320.00 Investing activities cash flow for 2014 -$320.00

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